The bill H.R. 987, titled the "Fair Access to Banking Act," aims to change banking laws to prevent banks and financial institutions from denying services to lawful businesses based on subjective reasons, such as political biases. It requires banks with over $50 billion in...
Simple Explanation
The Fair Access to Banking Act is like a rule that says big banks can't refuse to work with companies just because they don't like them, and if they do, they can't borrow money easily. It also lets people go to court if they think they were treated unfairly by a bank.